Saturday, August 13, 2016

 

News Links, August 14, 2016

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Global shipping giant Moller-Maersk reports 90 percent fall in net profit
Dow, S&P, Nasdaq all close in record territory for first time since 1999
Last time all 3 stock indexes broke records, a long tumble came next
Singapore Builders Facing Maturity Wall as Home Prices Drop
Singapore's real-estate firms are facing record debt maturities, just as home sales post their longest-ever losing streak, straining the finances of builders less prepared to weather the storm.
Negative Rates for the People—– German Bank Surrenders to Draghi's NIRP
Deutsche Bank ist Kaputt
Dumb and Dumber: Economist vs. WEF on Biggest Threats to Economy
Italian Economy Unexpectedly Stagnates in Threat to Renzi
Wow! Global negative-yielding debt stands at $11.4 trillion: Fitch
North American Life Insurers "Accidentally" Pile Up Massive Distressed Debt Holdings
Dubai hotel occupancy falls 3.5% in H1 despite rates cut
Watch places like Dubai and Singapore, as they are particularly susceptible to the forces at work. -- RF
Why Interest Rates Can't Go Much Lower, In Five Charts
A Stunning Admission From Deutsche Bank Why A Shock Is Needed To Collapse The Market, And Force A Real Panic

## War on cash/cashless society ##
Here Is Why Internet Currency Bitcoin Will Never be Digital Gold

## Airline death spiral ##
More Airline Outages Seen As Carriers Grapple With Aging Technology
Two women arrested on Ryanair flight from London to Derry on suspicion of "endangering an aircraft"
TSA stops passenger with loaded 3D-printed gun
GoAir offloads 'unruly' passenger from Mumbai-Lucknow flight
Security beefed up at city airports (Shanghai)
4 reasons flying will become even more awful

## Fault lines/flashpoints/powder kegs/military/war drums ##
The Ultimate Long Game: Autarky and Resilience
Ironically, autarky and these cultural dynamics arise from decentralization and the free flow of information, not one-world centralization.
Vietnam's rocket launchers may prompt China to declare Air Defense Zone
Thailand blasts: More explosions target tourist towns
Japan in talks to deliver two coast guard ships to Philippines
Russian Missile-Armed Warships To Hold Exercise In Mediterranean As Ukraine On High Alert Amid Growing Tensions
Russia deploys advanced S-400 air missile system to Crimea: agencies
Biden: Ukraine Must Avoid Escalating Tensions With Russia
Iran, Turkey Agree to Closer Cooperation on Syria
Nigeria Set to Split if North Strikes Oil, says Nigerian President
Turkey renews calls for Gulen extradition; 81,000 disciplined after coup attempt

## Migrants/refugees ##
Mothers launch hunger strike in migrant family detention center (US)

## Global unrest/mob rule/angry people/torches and pitchforks ##
In North Dakota, people vs. oil pipeline protest strengthens
German President Booed, Attacked; Claims "The People Are The Problem, Not The Elites"

## Energy/resources ##
Is Saudi Arabia About To Cry Uncle In The Oil Price War?
The Kingdom is struggling with weak GDP growth, higher fees and taxes, and an economy that is unable to pay the dues to its workers, leaving thousands of workers from South Asia with an uncertain future.
The soaring costs of Germany's nuclear shutdown
There will never be enough money. Even Germany can't find enough cash for decommissioning. Multiply this problem by the hundreds of reactors operating and under construction around the world, and you get an idea of the incipient global catastrophe. -- RF
In Debt and Out of Cash, Oil and Gas M&A Slow to Recover

## Got food? ##
As Robots Replace Farm Workers, Why Payback Is A Bitch

## Environment/health ##
Mexico City Sees Smog Alert, Unusual for Summer Rainy Season
Hurricane season now expected to see more storms than first thought, NOAA says
Where Lead Lurks And Why Even Small Amounts Matter
Great Barrier Reef: Cost Of Fixing Water Quality Likely To Top $6B, Queensland Govt. Commissioned Report Finds
How to eat your way to a better brain
Health emergency declared in Puerto Rico due to Zika
Sex's role in spreading Zika raises new worry
New polio cases in Nigeria dash hopes that disease was eradicated in Africa
Clouds may not curb global warming as much as hoped
Nasty, toxic life-threatening nuclear waste will be left for future generations
Because there ain't no money for disposal now, and there never will be. You can thank our brilliant politicians, business leaders, and "experts" for this. Remember when nuclear power was going to make electricity "too cheap to meter"? Don't fall for the techno-hoopla. -- RF

## Intelligence/security/internet/cyberwar ##
Like The Rest Of The Internet Of Things, Most 'Smart' Locks Are Easily Hacked
Botnet Bill Could Give FBI Permission To Take Warrantless Peeks At The Contents Of People's Computers
Spying Fears Lead to Pentagon Pokemon Restrictions
Mike Morell's Kill-Russians Advice
Washington's foreign policy hot shots are flexing their rhetorical, warmongering muscles to impress Hillary Clinton, including ex-CIA acting director Morell who calls for killing Russians and Iranians.
Security experts: Remotes are hackable on many vehicles
A New Wireless Hack Can Unlock 100 Million Volkswagens
"Russian" Hacker Guccifer 2.0 Publishes Complete Personal Information Of 200 Congressional Democrats
Justice Department Prevented FBI Probe Of Clinton Foundation; Reporters Slam State Department Stonewalling
Hezbollah Leader Supports Trump's Claim That US Created IS
Man accused of being IS recruiter says he was FBI informant

## Propaganda/censorship ##
So How Bad is Media (and Social Media) Bias in This Election?
Ukraine's 'October Surprise'
Incredible (literally) propaganda abounds. -- RF
Rigging the Coverage of Syria
The major U.S. news media has consistently slanted its coverage of the Syrian conflict to back neocon desires for more U.S. military intervention in support of "regime change."
Another Unfortunate Example Of Facebook Silencing Important Videos

## Systemic breakdown/collapse/unsustainability ##
Rio organizers put on brave face as Games problems pile up
No quick fixes for aging transit systems (US)
The $47 Billion U.S. Emergency Response Network That's Already Obsolete
Toyota recalls older models with recurring suspension issues

## Japan ##
Negative rates seen reducing Japan big banks' profits by $2.96 billion: Nikkei

## China ##
China's Fixed-Asset Investment Growth Slips To Lowest In More Than 16 Years
The Red Ponzi Is All About Fixed Asset Investment—-And China's Private FAI Is Now Contracting Y/Y
Poor figures for July strengthen fears that China's economy still losing steam
High-Risk 'Shadow' Credit in China Put at $2.9 Trillion by IMF
IMF says China's credit growth is unsustainable

## UK ##
Bill to clean up nuclear reactors rises by £1.6bn
Taxpayers face a big rise in the bill for cleaning up the first generation of nuclear power stations in Britain after the company that was wrongly awarded the contract raised its estimate by £1.6 billion.
Rise of the micro-dog: as British homes get smaller so do our pets
Experts believe that a combination of stagnating wages and small houses, often without gardens, have led owners to increasingly select miniature breeds, which has also led breeders to focus on smaller animals.
Quarter of UK graduates are low earners 10 years after university

## US ##
Rents in "Primary Markets" Sapped by Apartment & Condo Glut
Palo Alto Planning Commissioner Quits Due to High Cost of Housing
Nightmare at the Mall: Brick-and-Mortar Retail Totally Loses it
Funny Money Accounting—-Why Social Security Will Be Bankrupt In 10 Years
Louisiana floods: Man dead, homes submerged, governor orders statewide emergency
Two Dead in Water-Logged Louisiana as More Heavy Rains, Flash Flooding Looms
Terrorist-Fighting License Plate Readers Just Mobile Revenue Generators Cruising Poor Neighborhoods
## The candidates ##
Risks from Trump's Reckless Invective
Donald Trump's invective – suggesting a "Second Amendment" remedy to Hillary Clinton's gun control or calling President Obama the ISIS "founder" – may be how he intends to win but his words carry real danger.
Neither candidate understands energy, or how declining net energy is behind these changes in the economy. Whichever one is elected, prepare for a steadily worsening situation. -- RF




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